Ericsson and Oppo have signed a multi-year global patent cross-license agreement, covering mobile technologies including 5G.

As a result Oppo will collaborate on several 5G-related projects such as device testing, customer engagements and marketing activities, with Oppo making royalty payments to the mobile phone giant.

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Ericsson, Chief Intellectual Property Officer, Christina Petersson said: “This important royalty bearing license agreement with Oppo allows Ericsson to further invest in fundamental communications technologies. The license confirms that the patent licensing industry works and is proof that a vast majority of license agreements are based on business negotiations.

“It also reflects the mutual respect for each other’s patent portfolio. We now look forward to growing Ericsson’s IPR revenues with additional 5G agreements and expansion into additional licensing areas, such as IoT and consumer electronics.”

Meanwhile, this agreement aligns with global practices, requiring companies using cellular 3GPP standards such as 5G to secure license agreements with patent holders, ensuring compensation for R&D investments and preventing patent infringement.

The financial benefits of this agreement were already included in Ericsson’s Q2 2024 financial results, the company stated.